Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Cree, Inc. (NASDAQ: CREE), Motricity, Inc. (NASDAQ: MOTR), and XOMA Limited (NADAQ: XOMA).
Cree, Inc. (NASDAQ: CREE) is down 8.5% premarket to $44.80, relative to a 52-week range of $45.48-$83.38. The company lowered 3Q projections substantially, to a range of $215-$220 million.
Motricity, Inc. (NASDAQ: MOTR) is up 6% premarket after gaining more than 12% during trading hours yesterday. Shares of MOTR are trading within a 52-week range of $6.55-$31.95.
XOMA Limited (NADAQ: XOMA) is down 32% premarket on heavy volume to $3.40, relative to a 52-week range of $2.24-$12.60. The company reported the failure of a diabetes treatment in trial.
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